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Primoris Services
PRIM

241 hedge funds and large institutions have $2.09B invested in Primoris Services in 2024 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 77 increasing their positions, 89 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

62,129% more call options, than puts

Call options by funds: $13.1M | Put options by funds: $21K

57% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 28

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

26% more capital invested

Capital invested by funds: $1.66B → $2.09B (+$432M)

6% more funds holding

Funds holding: 227 → 241 (+14)

0.72% less ownership

Funds ownership: 93.59% → 92.87% (-0.72%)

13% less repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 89

Holders
241
Holders Change
+14
Holders Change %
+6.17%
% of All Funds
3.47%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.1%
New
44
Increased
77
Reduced
89
Closed
28
Calls
$13.1M
Puts
$21K
Net Calls
+$13M
Net Calls Change
+$13M

Top Buyers

1
IECM
Intrinsic Edge Capital Management
Illinois
+$20.2M
2
Franklin Resources
Franklin Resources
California
+$18.5M
3
Citadel Advisors
Citadel Advisors
Florida
+$10.3M
4
DIA
Dana Investment Advisors
Wisconsin
+$10.2M
5
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
+$9.65M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$39.7M
2
Charles Schwab
Charles Schwab
California
-$16.9M
3
DCM
Driehaus Capital Management
Illinois
-$11.8M
4
BlackRock
BlackRock
New York
-$11.3M
5
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$10.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
ACM
201
Aquatic Capital Management
Illinois
$93.7K -$989K -26,800 -92%
NL
202
NKCFO LLC
Illinois
$83K +$71.8K +1,945 New
US Bancorp
203
US Bancorp
Minnesota
$81.1K +$14.4K +390 +26%
AB
204
Amalgamated Bank
New York
$76K -$114K -3,100 -64%
AssetMark Inc
205
AssetMark Inc
California
$66.6K – – –
PFBT
206
Parkside Financial Bank & Trust
Missouri
$65.2K +$15.5K +419 +38%
QL
207
Quarry LP
New York
$41K +$26.8K +726 +305%
Carson Wealth (CWM LLC)
208
Carson Wealth (CWM LLC)
Nebraska
$37K +$738 +20 +2%
BTI
209
Blue Trust Inc
Georgia
$26.9K +$12K +325 +106%
FHA
210
First Horizon Advisors
Tennessee
$24.8K – – –
TPCW
211
TD Private Client Wealth
New York
$24.3K – – –
CP
212
Castleview Partners
Texas
$22.1K – – –
QCG
213
Quadrant Capital Group
Ohio
$18.5K – – –
CAM
214
Creekmur Asset Management
Illinois
$16.5K – – –
FDCDDQ
215
Federation des caisses Desjardins du Quebec
Quebec, Canada
$15.8K +$13.7K +370 New
PFC
216
Phocas Financial Corp
California
$13K -$300K -8,133 -3%
SIC
217
Salem Investment Counselors
North Carolina
$12.2K – – –
PS
218
Principal Securities
Iowa
$12K +$258 +7 +3%
PTC
219
Private Trust Company
Ohio
$11.6K – – –
Comerica Bank
220
Comerica Bank
Texas
$11.2K +$554 +15 +6%
PPC
221
Park Place Capital
Alabama
$7.83K – – –
MG
222
Mather Group
Illinois
$6.64K +$7.38K +200 New
Mitsubishi UFJ Asset Management
223
Mitsubishi UFJ Asset Management
Japan
$5.75K – – –
CA
224
Clearstead Advisors
Ohio
$5.08K – – –
GRP
225
Global Retirement Partners
California
$4.81K – – –
7 8
9
10 11

PRIM Hedge Fund Activity: Q1 2024 in Review

241 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q1 2024, worth a combined $2.09B — up 26% from $1.66B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new PRIM positions and 28 closed out — a net gain of 16 holders — while 77 added to existing stakes and 89 trimmed.

The largest buyer was Intrinsic Edge Capital Management, opening a new position worth an estimated $20.2M. The largest seller was Morgan Stanley, cutting an estimated $39.7M.

  • 241 institutional investors held Primoris Services (PRIM) as of Q1 2024, up from 227 in Q4 2023.
  • Funds reported $2.09B of Primoris Services stock for Q1 2024, up 26% quarter-over-quarter.
  • 44 funds opened new Primoris Services positions in Q1 2024 and 28 closed out, a net change of +16 holders.
  • The largest Primoris Services buyer in Q1 2024 was Intrinsic Edge Capital Management, an estimated $20.2M added.
  • The largest Primoris Services seller in Q1 2024 was Morgan Stanley, an estimated $39.7M sold.

Based on aggregated 13F filings for Q1 2024.